The Shops at Redbird_Property for Sale
The Shops at Redbird_Property for Sale
3662 W Camp Wisdom Rd, Dallas, TX, 75237, US

The Shops at Redbird

Asset Description

Jones Lang Lasalle Americas (“JLL”) has been engaged by 3662 Investors LP (the “Operator”, “Sponsor” or “RedBird LP”) to arrange structured equity from a third-party investor (“Investor” or “Partner”) to recapitalize the current partnership and fund future growth opportunities at The Shops at RedBird (the “Project”, “Development” or “RedBird”), an award-winning, 100-acre, mixed-use development in Dallas, TX. Since the initial investment in 2015, the Sponsor has transformed RedBird into a vibrant, mixed-use development that provides the surrounding community with the high-quality amenities it desires, deserves and can afford. The new vision seeks to create a dense mixture of retail, office, hotel, medical and multifamily space while also encouraging walkability throughout the site with its one-acre lawn for community events. The Project consists of a combination of both mature assets that are producing cash flow and assets that allow for future development opportunities, all in a market with attractive demographic winds at its back.


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Attributes

Building area gross
81,343 m²
Occupancy
50%
Year built
1975

Media

Investment Highlights

  • Redeveloped into: 200,000 SF of medical space, 175,000 SF of retail, 300,000 SF of office neighbored by 300 luxury apartment units and a potential hotel development
  • #1 Starbucks in DFW (and one of the top in the nation) - the first standalone Starbucks in southern Dallas
  • #1 Foot Locker in DFW
  • UT Southwestern 15-yr remaining lease term
  • 9-acre development site (~50,000 SF) for Tom Thumb grocery with additional retail - approved and financially backed by the City of Dallas
  • Upside potential of $2M+ net operating income projected in the North Wing with interested tenants such as TJ Maxx
  • 20+ acres, shovel ready development sites, including ground leases and outparcel buildings along Hwy 67 and I-20
The Shops at Redbird 4_Property for Sale
The Shops at Redbird 4_Property for Sale

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The Shops at Redbird (0 Properties)

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Last updated
2 Dec 2024